Daily Standup Top Stories Trump Threatens 50% More China Tariffs, Teases Talks With Others April 7, 2025 Clark Savage President Donald Trump threatened to slap additional 50% import taxes on China, while readying negotiations with Japan and Israel, leaving markets struggling to grasp his intentions for his sweeping tariff plans. Stocks swung wildly on Monday as […] Markets, Oil […]
Continue ReadingOil continued its downward trajectory on Monday afternoon, with the stock market briefly reversing losses after CNBC reported the White House was considering a 90-day pause in tariffs for everyone except China. Oil prices barely got to respond before the White House walked the report back as “fake news”. On Monday at 11:12 a.m. ET, […]
Continue ReadingENB Pub Note: This article first ran on The Crude Truth Substack by Rey Trevino here: https://crudetruth.substack.com/p/what-is-impacting-oil-prices-today. I agree with the article and the author, but what do you think? Do you think Saudi Arabia can control production, or will it just give up? When countries that can just print money do it, what is […]
Continue ReadingOPEC+ agreed to make a larger than expected oil supply hike in May, deepening the slump in oil prices triggered by President Donald Trump’s tariffs. The group led by Saudi Arabia and Russia will add 411,000 barrels a day to the market next month, the equivalent of three monthly tranches from its previous plan to revive […]
Continue ReadingDaily Standup Top Stories After Only 15 Years Of Operation, Germany’s First Offshore Wind Farm Being Scrapped March 17, 2025 Stu Turley Germany’s Alpha Ventus offshore wind farm, in operation for 15 years, will be dismantled due to unprofitability after subsidies expired. The Alpha Ventus offshore wind farm near the German North Sea island of Borkum […]
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ENB Pub Note: While much of the markets are looking to the bearish side of the oil market, I am almost in the perma bull market looking to the $80 dollar, and Michael is leaning more to the lower side. We will be covering much of this in the next few weeks on the podcast. […]
Continue ReadingDaily Standup Top Stories PetroVietnam Gas seals long-term LNG supply deal for Nhon Trach power plants March 3, 2025 Mariel Alumit According to a PV Gas statement, the two units of state-owned PetroVietnam signed the LNG supply contract for Vietnam’s first two LNG power plants for 25 years. This move follows a contract signed by PV […] […]
Continue ReadingThe eight OPEC+ countries, which previously announced additional voluntary adjustments in April and November 2023, namely Saudi Arabia, Russia, Iraq, the United Arab Emirates, Kuwait, Kazakhstan, Algeria, and Oman met virtually on March 3, 2025, to review global market conditions and the future outlook. Taking into account the healthy market fundamentals and the positive […]
Continue ReadingWeekly Daily Standup Top Stories Pushback Begins Against Trump’s Oil Agenda February 9, 2025 Clark Savage West Texas Intermediate has been trading around $70 this week after posting two weeks of declines. The last time shale producers pursued a flat-out production strategy, crude prices tanked to the $40s. Cheap oil may […] Iran Says Trump’s Maximum Pressure […]
Continue ReadingDaily Standup Top Stories $300 Billion in Global Nuclear Energy Investment – is this in trouble because of DeepSeek February 8, 2025 Clark Savage ENB Pub Note: This is a fundamental question. Will DeepSeek lead to the cancellation of some nuclear power generation projects? What is the impact on the uranium market and the nuclear supply […]
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